Corporate Governance

Introduction To Governance

Shar Company, a Closed Joint Stock Company, prepared the governance committees according to the requirements of the corporate governance regulations in the Kingdom of Saudi Arabia and the company’s Article of Association.

Governance Definition

Governance is a group of regulations and procedures established for the company’s management and control that regulates the relationship between shareholders, the board of directors, and executive persons. It protects the rights of shareholders and stakeholders, enhances internal administrative procedures, and ensures proper disclosure according to laws and regulations.

SHAR's Policies and Procedures

• The company’s article of association policy.
• Governance system, internal oversight, and governance committees.
• Remuneration policy for the Board, committees, and executive management.
• Governance regulations for committees: audit, remuneration, and projects.
• Membership standards for SHAR and its affiliates.
• Performance evaluation of board members and committees.
• Professional conduct and ethical values policy.
• Policy and procedures for reporting violations.
• Risk assessment policy.